Global Thermal Management Technologies Market Size, Growth Opportunities, Market Scope Report, 2020-2027

The GMI Research forecasts that the Thermal Management Technologies Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the modernizations in the electronic industry, rising focus on streamlined operations, and massive expansion in power utilization of framework.

Introduction of the Thermal Management Technologies Market

The autonomous packaging trend has enhanced the performance by reducing the size of the product and increasing the energy consumption of the system, thus paving the way for thermal management advancement with better performance. The market covers different applications such as consumer electronics, telecommunication, and renewable energy.

Major Players of the Market:

· Boyd Corporation

· ALE International

· Heatex

· Laird

· Momentive

· SAPA S.p.A.

· Advanced Cooling Technologies

· Miba AG

· Honeywell International Inc.

· Pentair

Thermal Management Technologies Market Dynamics

The increasing implementation of thermal management technology across the consumer electronics industry led by higher processing ability and the continued expansion in these technologies owing to the aggravating application of interfaces in automated assemble are the prime drivers proliferating the growth of the global thermal management technologies market. These interfaces are the major hear dissipation offerings, primarily for electronic devices. In addition, the surging endorsement of passive technologies by leading market players in their devices like smartphones has further strengthened the Thermal Management Technologies market size. For example, Realme X50 Pro Player Edition launched its low-cost version of Realme X50 Pro, in 2020. Furthermore, several other factors, which include rapid industrialization leading to intensified demand for power supply, acquisition of renewable resources, and escalating employment across aerospace & defense, automotive, healthcare sector, further supplement market growth. However, as per the Thermal Management Technologies market report, the component technological and system-level issues, such as acoustic noise emission, structural and temporal disparity in the heat load, heat effect on transistor operations, will hamper the market growth.

Product Type Segment Drivers

Based on the product type, hardware is expected to expand faster over the coming years. This is primarily because of the augmenting production of miniaturized microprocessors and the usage of heat removal solutions in high-volume commodity systems. Moreover, the growing emphasis of manufacturers to reduce power consumption and carbon discharge has raised the exertion of hardware in electronics.

Application Segment Drivers

Based on the application, the computer will hold a significant share in the market owing to its soaring demand to optimize the computer-cooling process to curb the excessive heat produced at the time of the operational process. Furthermore, the acceleration in the operating frequencies for enhanced performance and continuous decrease in the size of ICs and other components will further stimulate market growth.

Regional Drivers

Based on the regional coverage, Asia-Pacific is predicted to expand at a higher CAGR in the coming years. This is due to the amplified demand for heat dissipation solutions to intensify dissipation in electronics. Moreover, the government's initiation of various plans and schemes to encourage the utilization of renewable energy sources further adds to the market growth. In 2020, China's Ministry of Finance 2020 specified the subsidy for the country's renewable power for 2021 at 5.95 billion, which will reach wind farms, biomass power generators, and solar power operators.

Thermal Management Technologies Market Segmentation:

Segmentation by Product Type

· Hardware

· Software

· Interface

· Substrate

Segmentation by Applications

· Computers

· Consumer Electronics

· Telecommunication

· Automotive Electronics

· Renewable Energy

· Others

Segmentation by Region:

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· RoW

o South Africa

o Brazil

o Saudi Arabia

o UAE

About GMI Research

GMI Research is a market research and consulting company, offers business insights and research reports for small enterprises and large organizations. The research team help understand the impact of dynamics like market size, share, drivers, growth opportunities, and other aspects. Our team of analysts and industry experts coordinate market intelligence studies to ensure the reach of all relevant and fact-based research across FMCG, Technology, Energy, Healthcare, and other industries. Our main emphasis is to precise our clients with the emerging opportunities and challenges in different industries. The step-by-step assistance helps our clients to reach a managerial and actionable decision through strategic and consulting services. The organisation got featured as the ‘20 Most Promising Market Research Consultants’ in the list of Silicon India Magazine in 2018.

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